New York -- Delhaize Group announced that it would close 33 under-performing Sweetbay stores in Florida by mid-February. The shutterings, which are part of a broader reorganization plan, amount to about one-third of the chain.
“While these decisions are difficult, especially given the impact on our associates, customers and communities, these actions will continue to enhance the performance of our overall store portfolio and further enable us to deliver profitable growth and accelerate shareholder value,” the company said in a statement.
Sweetbay will operate 72 stores after stores are closed.
The closures comes on the heels of a senior management restructuring Last week, Delhaize America cut 25% of its executive ranks and internally unveiled a new structure that includes about 50 officers, the Salisbury Post reported.